Section 2.2. Applicability.
(a) Applicability.--Except as set forth in subsection (b), this act shall not apply to, and a municipality may not require, a certificate of occupancy, a temporary use and occupancy certificate or a temporary access certificate for a real estate transfer, including a residential or nonresidential transfer, as provided under 68 Pa.C.S. § 7103(b)(2) (relating to application of part), to any of the following which take title to property for the purpose of holding the property for sale to offset losses incurred on a loan or other obligation in default secured by a mortgage, deed of trust or other lien on the property:
(1) Bank.
(2) Savings association.
(3) Credit union.
(4) Mortgage lender.
(5) Financial institution similar to an institution listed in paragraphs (1) through (4).
(6) Subsidiary of a financial institution listed in paragraphs (1) through (5).
(b) Exception.--A financial institution not subject to this act under subsection (a) may be required by a municipality to correct a substantial violation.
(2.2 added Nov. 3, 2016, P.L.1047, No.133)